In a significant move to liquidate assets for creditors, the liquidator of Firestar International Limited has announced an e-auction for a substantial inventory of precious jewellery, gold, and natural diamonds. The sale features five distinct lots with a combined weight of over 40 kilograms of gold and hundreds of carats of diamonds.
The e-auction is scheduled for October 9, 2025, between 1:30 PM and 3:30 PM on the Baanknet platform.
The assets, which were released by the Directorate of Enforcement (ED), form part of the liquidation estate of Firestar International Limited. The company was admitted for Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Mumbai Bench, on August…